The oral storytelling event aims to encourage people to make, share and listen to their own tales.
In-keeping with the day's tradition, here are 10 tracks that tell a story.
This track recounts the February 3 1959 plane crash that killed Buddy Holly, Ritchie Valens and The Big Bopper and its aftermath. The date became known as 'The Day the Music Died'.
Come On Eileen
Dexys Midnight Runners
Appearing on the band's 1982 album Too-Rye-Ay, this track is about a girl that band member Kevin Rowland grew up with. It describes the thin line between love and lust.
Released on Clapton's 1977 album Slowhand, the track is about Pattie Boyd. Clapton wrote the song while waiting for Boyd to get ready to attend Paul and Linda McCartney's annual Buddy Holly party.
This track is a fictionalised retelling of Joel's experiences as a piano-lounge singer at the Executive Room in Los Angeles. Joel says the song's characters are based on real people.
Copacabana (at the Copa)
Written by Manilow, Jack Feldman and Bruce Sussman, the song tells the story of Lola and her lover Tony, who loses a fight to Mafia boss Rico. It was inspired by a chat between Manilow and Sussman.
This track is a tribute to the greatest song in the world, which the band came up with and then forgot. On the duo's HBO show, Tribute began with the riff from Stairway to Heaven, suggesting it may be the song that the track's about.
A Boy Named Sue
This poem by Shel Silverstein became popular after Cash played it at his San Quentin State Prison show in 1969. It tells the tale of a young man's quest for revenge on the father who called him Sue.
Released in 1977, Don Henley said the track was about "a journey from innocence to experience... that's all". It's ranked 49th on Rolling Stone's list of The 500 Greatest Songs of All Time.
Don't Stop Believin'
Taken from the band's 1981 album Escape, this song is the top-selling catalog track in iTunes history, with over 5m digital copies sold. It didn't become a hit in the UK until its re-release in 2009.
Band on the Run
Paul McCartney & Wings
The title song on the group's 1973 acclaimed album, this track sold 1m copies in the US in 1974. The song begins in a metaphorical prison and tells the tale of the band's subsequent escape.